The innovative international equities investment that protects your capital and locks in your gains (where you maintain your investment for the full term).
The Macquarie Highpoint Trust (“Highpoint”) closed to investment on May 16, 2003. The final investment terms of Highpoint are:
- 7.5 year investment term beginning from the Ordinary Unit Issue Date of May 19, 2003
- Maximum cap on gains for the FTSE 100 index - 110%
- Maximum cap on gains for the S&P 500 index - 105%
- Capital Protection Maturity Date - November 19, 2010
- Initial net investment amount is 100% capital protected at the Capital Protection Maturity Date
Monthly returns and index values
S&P 500 index units
60% lock in achieved!
On 20 April 2007 the S&P 500 Index achieved its sixth 10% lock in at 1,473.23 points**.
| Month ended |
S&P 500 units indicative return (%) |
S&P 500 Index Value |
Highpoint Index Value* |
Bonus unit distribution |
S&P 500 units indicative unit price ($)** |
S&P 500 units indicative locked in unit price ($)** |
|
Inception
19/05/03
|
|
920.77
|
920.77
|
|
1.0000 |
1.0000
|
| Aug-08 |
39.32 |
1,282.83 |
1,473.23 |
- |
1.3932 |
1.6000 |
| Sep-08 |
26.67 |
1166.36 |
1,473.23 |
- |
1.2667 |
1.6000 |
| Oct-08 |
5.211 |
1473.23 |
1,473.23 |
- |
1.0521 |
1.6000 |
| Nov-08 |
-2.664 |
893.24 |
1,473.23 |
- |
0.9734 |
1.6000 |
| Dec-08 |
-0.341 |
903.25 |
1,473.23 |
- |
0.9810 |
1.6000 |
| Jan-09 |
-1.887 |
825.88 |
1,473.23 |
- |
0.8969 |
1.6000 |
| Feb-09 |
-3.817 |
735.09 |
1,473.23 |
- |
0.7983 |
1.6000 |
| Mar-09 |
-2.411 |
797.87 |
1,473.23 |
- |
0.8665 |
1.6000 |
| April-09 |
-0.894 |
872.81 |
1,473.23 |
- |
0.9479 |
1.6000 |
| May-09 |
-0.029 |
919.14 |
1,473.23 |
- |
0.9982 |
1.6000 |
| Jun-09 |
-0.026 |
919.32 |
1,473.23 |
- |
0.9984 |
1.6000 |
| Jul-09 |
1.134 |
987.48 |
1,473.23 |
- |
1.0725 |
1.6000 |
| Aug-09 |
1.650 |
1020.62 |
1,473.23 |
- |
1.1084 |
1.6000 |
| Sep-09 |
2.190 |
1,057.08 |
1,473.23 |
- |
1.1480 |
1.6000 |
| Oct-09 |
1.846 |
1,036.19 |
1,473.23 |
- |
1.1254 |
1.6000 |
| Nov-09 |
2.694 |
1,095.63 |
1,473.23 |
- |
1.1899 |
1.6000 |
| Since inception |
8.45%pa
|
|
|
|
|
|
Click here for full history of prices.
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FTSE 100 index units
70% lock in achieved!
On 15 June 2007 the FTSE 100 Index closed at 6,732.40, surpassing the 70% lock in level**.
| Month ended |
FTSE 100 units indicative return (%) |
FTSE 100 Index Value |
Highpoint Index Value* |
Bonus unit distribution |
FTSE 100 units indicative unit price ($)** |
FTSE 100 units indicative locked in unit price ($)** |
|
Inception 19/05/03
|
|
3,941.34
|
3,941.34
|
|
1.0000 |
1.0000
|
| Aug-08 |
43.01 |
5,636.61 |
6,700.28 |
- |
1.4301 |
1.7000 |
| Sep-08 |
24.39 |
4902.45 |
6700.28 |
- |
1.2439 |
1.7000 |
| Oct-08 |
11.06 |
4377.34 |
6700.28 |
- |
1.1106 |
1.7000 |
| Nov-08 |
8.796 |
4288.01 |
6700.28 |
- |
1.0880 |
1.7000 |
| Dec-08 |
2.117 |
4,434.17 |
6700.28 |
- |
1.1250 |
1.7000 |
| Jan-09 |
0.906 |
4,149.64 |
6700.28 |
- |
1.0529 |
1.7000 |
| Feb-09 |
-0.494 |
3,830.09 |
6,700.28 |
- |
0.9718 |
1.7000 |
| Mar-09 |
-0.066 |
3,926.14 |
6,700.28 |
- |
0.9961 |
1.7000 |
| April-09 |
1.249 |
4,243.71 |
6,700.28 |
- |
1.0767 |
1.7000 |
| May-09 |
1.9080 |
4,417.94 |
6,700.28 |
- |
1.1209 |
1.7000 |
| Jun-09 |
1.236 |
4,249.21 |
6,700.28 |
- |
1.0781 |
1.7000 |
| July-09 |
2.552 |
4,608.36 |
6,700.28 |
- |
1.1692 |
1.7000 |
| Aug-09 |
3.552 |
4,908.90 |
6,700.28 |
- |
1.2455 |
1.7000 |
| Sep-09 |
4.235 |
5,133.90 |
6,700.28 |
- |
1.3026 |
1.7000 |
| Oct-09 |
3.896 |
5,044.55 |
6,700.28 |
- |
1.2799 |
1.7000 |
| Nov-09 |
4.300 |
5,190.68 |
6,700.28 |
- |
1.3170 |
1.7000 |
| Since inception |
9.33%pa
|
|
|
|
|
|
Click here for full history of prices.
*The Highpoint Index Value shows each 10% gain in the index (if any) locked in as a result of the Highpoint Capital Protection feature assuming the investment is held until the Capital Protection Maturity Date.
** Indicative price only based on month end index values and may not reflect the likely unit price if an early redemption of units is sought prior to the Capital Protection Maturity Date.
 Download Highpoint Investor Update (pdf 600KB)
Highpoint's capital protection and other benefits stem from its investment in equity linked notes to be issued by Barclays Bank PLC (Barclays) and are described in detail in the registered prospectus (dated 24 January 2003 and as amended by Memoranda of Amendments dated 17 March 2003 and 6 May 2003) and investment statement. Units in Highpoint are not bank deposits or otherwise guaranteed by Barclays. You should always consult with your investment or other financial adviser to determine whether investment in Highpoint is suitable for your particular financial needs, circumstances and or objectives.
Investments in Highpoint are not deposits with or liabilities of Macquarie Bank Limited nor any member of the Macquarie Bank Group and are subject to investment risk, including possible delays in repayment and loss of income and or principal invested. None of Macquarie Bank Limited, Macquarie or any member of the Macquarie Bank Group guarantees the performance of Highpoint nor do they guarantee the repayment of the capital from Highpoint.
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